Blackberry firm, Research In Motion (RIM), confirmed that the US Securities and Exchange Commission (SEC) has made an informal inquiry into the company’s stock-option grants and practices.
RIM is one of several hi-tech companies that have recently been subject to increased scrutiny over option practices.
The Canadian vendor recently said its original estimate of an accounting related charge on earnings of $25 – 45m will increase substantially because of additional errors found during the audit process.
Will regulators ever be able to catch up with the rate of change in the telco/tech industry?
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